Fleet Management System Market is Likely to Grow at a CAGR of 22.3% from 2017 to 2022

The Global Fleet Management System Market was valued at $5,035 million in 2012, and is estimated to reach $33,291 million by 2022, growing at a CAGR of 22.3% from 2017 to 2022.

The report provides an overall review of the fleet management system market, covering the fleet management system market size, fleet management system market share analysis, fleet management system market trends, market dynamics, market forecast, key industry segments, and company profiles. The report provides up-to-date information to help monitor performance and make wise business decisions for growth and profitability. It is a useful tool for market players, investors, shareholders, and new entrants. It helps evaluate the market, highlighting opportunities in the space and supporting tactical and strategic decision making.

The report provides a competitive status of the global fleet management system industry to help market players and new entrants understand the overall market status. Key findings are outlined in the report to help market players determine investment viability. The competitive landscape is offered to assist industry players to determine the level of competitiveness within the industry and take steps to gain a competitive edge.

The landscape of the fleet management system market is provided in terms of the growth drivers, restraints, and opportunities, and market share analysis. The rise and fall of the fleet management system industry are dependent on the drivers and restraints. The drivers lead to the growth of the market while the restraints limit the growth of the market. Factors such as demand from developing economies, the growth in demand for automated route optimization solutions, and the fast growth of the retail and FMCG industry drive the growth of the market. Furthermore, initiatives by logistic service providers towards the adoption of fleet management system is expected to propel the market growth. For instance, in December 2015, Aconcagua Transportes purchased 150,000th connected truck from Scania which allows Aconcagua Transportes to keep track of its fleet all over Argentina.

The report offers a detailed segmentation of the global fleet management system market based on product, application, and region. By product, the market is classified as operational fleet monitoring and management, vehicle dispatch, driver scheduling, asset tracking, condition based maintenance, and security & safety management. The asset tracking contributed to the highest share of the market while operational fleet monitoring and management is expected to grow at highest CAGR of 23.6% during the forecast period. Based on region, the market is analyzed across the U.S., Europe, Japan, China, India, Southeast Asia, and rest of the world (RoW). In Europe, the market is analyzed across several countries such as Germany, UK, France, Russia, Italy, and the other parts of Europe. In Southeast Asia, the fleet management system market analysis covers Australia, Korea, Singapore, and the rest of Asia-Pacific. In rest of the world (RoW), the market analysis covers Canada, Mexico, Brazil, Argentina, Middle East and Africa, and rest of the countries.

The report elaborately discusses the key players providing solutions in the fleet management system market. An overview for each player is provided to help market players and investors gain an understanding of the competition prevailing in the industry. The financial segments of each player, as well as their recent developments, are also discussed in the study. Key market players provided in the report include AssetWorks LLC, CalAmp Corp., Daimler Fleetboard GmbH, Emkay, FleetCor Technologies, Inc., Omnitracs, LLC, Scania AB, Telenav, Inc., Teletrac Navman US Ltd, TomTom International N.V. Trimble Inc., Fleetmatics Group PLC., and others.